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MAGNA ELECTRO CASTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MAGNA ELECTRO CASTINGS is 13.92.

Share Price ₹456.4Apr 15,2024
Market Cap ₹191.7 Cr
Earnings-TTM₹13.8 CrTTM-Standalone Results
Price/Earnings13.92xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MAGNA ELECTRO CASTINGS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of MAGNA ELECTRO CASTINGS is calculated as :

Current Market Cap [ ₹191.7 Cr] as on Apr 15,2024

(/) Earnings [ ₹13.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 13.92x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for MAGNA ELECTRO CASTINGS , the investors are currently willing to pay 13.92 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of MAGNA ELECTRO CASTINGS !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of MAGNA ELECTRO CASTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of MAGNA ELECTRO CASTINGS


PE Ratio Performance Analysis for MAGNA ELECTRO CASTINGS

- MAGNA ELECTRO CASTINGS 's latest p/e ratio is 13.92x.

- MAGNA ELECTRO CASTINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.29x.

- MAGNA ELECTRO CASTINGS 's operated at median p/e ratio of 7.68x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAGNA ELECTRO CASTINGS 's p/e ratio peaked in Mar2021 at 14.03x.

- MAGNA ELECTRO CASTINGS 's p/e ratio hit its five-year low in Mar2023 of 6.87x.


How does MAGNA ELECTRO CASTINGS 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MAGNA ELECTRO CASTINGS 13.7713.92191.7
AIA ENGINEERING LTD1,143.4231.4535,959.2
PTC INDUSTRIES LTD36.70294.0910,793.8
ELECTROSTEEL CASTINGS LTD602.5019.4411,714.6
KIRLOSKAR FERROUS INDUSTRIES LTD374.4922.648,477.7
ALICON CASTALLOY LTD50.4527.511,387.6
STEELCAST LTD75.8416.761,271.1
NELCAST LTD53.8324.281,307.2
UNI ABEX ALLOY PRODUCTS LTD38.6014.52560.3
SYNERGY GREEN INDUSTRIES LTD11.7441.69489.5
NITIN CASTINGS LTD10.5130.06315.9

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs MAGNA ELECTRO CASTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 13.92x
Max industry PE 294.09x
Median industry PE 24.28x
Average industry PE 48.76x



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